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10.27% 9.74% 10.82% 10.47% 0 Question 17 (3.5 points) You plan to buy a car that has a total drive-out cost of $28,100. You will

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10.27% 9.74% 10.82% 10.47% 0 Question 17 (3.5 points) You plan to buy a car that has a total drive-out" cost of $28,100. You will make a down payment of $4,215. The remainder of the car's cost will be financed over a period of 4 years. You will repay the loan by making equal monthly payments. Your quoted annual interest rate is 13% with monthly compounding of interest. (The first payment will be due one month after the purchase date.) What will your monthly payment be? 8 2 $633.91 $640.77 $669.17 $755.49 $597.01 ERTU

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